USD/CHF – 30M – BUYNext a ‘Double top retreat up’ chart pattern is existing. The chart forms ‘Double top retreat up’. which is a positive chart scenario. The currency pair is likely to rise.
The combination US Dollar/Swiss Franc (USD/CHF) goes from the descending trendline up.
A bullish ascent up to the next resistance at 0.79991 is considered certain.
Caution: A possible counter-trend in the direction of the support zone at 0.79558 should be noted.
Consider stop-loss settings accordingly.
Next a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which is often a bullish chart signal. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.80555 |
| 2nd High | 0.80113 |
| Next High | 0.79991 |
| Current Price | 0.79619 |
| Next Low | 0.79558 |
| 2nd Low | 0.79263 |
| 3rd Low | 0.79214 |
0.79991 – 0.79913 – 0.79792 – 0.79605 – 0.79613 – 0.79558 — 26.378797671347 – 32.3173722905 — 11.123258626116 – 18.35118213436 – 9.3834031815446 – 13.397839477597
Trading Signals: FOREX – USD – USD/CHF – CHF – – Double top retreat up – –